Cabinet affairs, Government ministry

Tokyo, Dec 7 Japan's household expenditures dropped a real year-on-year 0.6 per cent in October, down for the third straight month, due to a plunge in purchases of furniture and other household goods, government data revealed on Tuesday.The average consumption of households with at least two people, regarded as a key indicator of private consumption which accounts for more than half of Japan's gross domestic product, stood at 281,996 yen ($2,500), according to the Ministry of Internal Affairs and Communications.However, the speed of decrease on year slowed down from a month earlier as spending on dining out and travelling began to rebound after the Covid-19 state of emergency was completely lifted on October 1, Xinhua news agency quoted a government official as saying.People were requested to refrain from going outside while restaurants and bars were asked to close earlier and not to serve alcohol during the state of emergency.Expenditures on culture and recreation fell 5.4 per cent, including domestic package tours and accommodation, as the "Go To Travel" subsidy program by the government last year had promoted the travel demand.Meanwhile, transportation expenses including air tickets and railway fares saw a 15.3 per cent rise as railway operator data revealed short-distance travel increased after the emergency was lifted, the official said.On a monthly basis, spending in October grew a seasonally adjusted 3.4 per cent from a month earlier, following a 5.0 per cent rise in September, increasing for the second successive month.Average monthly income of salaried households with two or more people in October gained a real year-on-year 0.4 per cent to 549,269 yen.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Cabinet AffairsFOLLOW

Cabinet affairs, Latest News

Tokyo, Oct 21 Core consumer prices in Japan rose 3 per cent in September to a fresh eight-year ... ...

Tokyo, Sep 30 Japan's jobless rate dropped to 2.5 per cent in August, the government said in a ... ...

Tokyo, Aug 10 Japan's population totaled 125.93 million as of January 1, 2022, representing the largest drop in ... ...

Tokyo, May 31 Japan's unemployment rate dropped to 2.5 per cent in April, marking the third straight month ... ...

Tokyo, March 29 Japan's unemployment rate slipped to 2.7 per cent in February as people opted to stay ... ...

Japan's unemployment rate slipped to 2.7 per cent in February as would-be new job seekers opted to stay in their existing jobs owing to uncertainty caused by a resurgence in COVID-19 infections, the government said in a report on Tuesday. ...

Tokyo, March 4 Japan's unemployment rate rose marginally to 2.8 per cent in January due to increasing cases ... ...

Tokyo, Dec 7 Japan's household expenditures dropped a real year-on-year 0.6 per cent in October, down for the ... ...